Category Archives: Harvard

In a report released today by DBRS titled “Consumer debt and debt burden”, the rating agency which is best known for keep Italian debt eligible for ECB monetization at the peak of the European banking crisis, looks at the latest Quarterly Report on Household Debt and Credit issued by the NY Fed (discussed here previously) […]

Zhou Xiaochuan’s long reign as PBoC Governor is drawing to a close. He signaled his impending retirement last month and will be seventy years old In January 2018. Zhou has headed up China’s central bank from the early days of China’s “growth miracle” in 2002 and successfully – thanks to massive credit creation – steered […]

Authored by John Naughton, op-ed via The Guardian, If our supersmart tech leaders knew a bit more about history or philosophy we wouldn’t be in the mess we’re in now… One of the biggest puzzles about our current predicament with fake news and the weaponisation of social media is why the folks who built this […]

On 2 November 2017, the Bank of England raised rates for the first time in a decade and Sterling’s initial rise was promptly sold off by forex traders as we discussed. The 7-2 vote by the Monetary Policy Committee was not the unanimous decision some had expected, while Cunliffe and Ramsden saw insufficient evidence that […]

Traditionally, if you have a great business idea but lack the finances to get the project started, you would pursue funding through a venture capital outlet. There are hundreds of venture capital firms that spend tens of billions of dollars helping businesses get off the ground. However, not all startups attain venture capital funding, and […]

In a series if tweets this morning, President Trump has exposed some of the narratives that much of the mainstream media seems loathed to touch… Never seen such Republican ANGER & UNITY as I have concerning the lack of investigation on Clinton made Fake Dossier (now $12,000,000?), the Uranium to Russia deal, the 33,000 plus […]

Unbeknownst to many, the Sackler Family, with assets of $13 billion, the nation’s 19th wealthiest family is one the top players in philanthropy. You can find the Sackler Gallery in the Smithsonian museum in Washington, D.C. or visit the Sackler wing at the Metropolitan Museum of Art in New York City. The Sackler’s even have a museum […]

According to a new paper, there’s a solid chance that a massive super flare storm could impact Earth within 100 years. And the consequences of this magnitude of a solar storm could include extinction. In The Astrophysical Journal, a new paper was published detailing the outcome of a super flare. Avi Loeb and Manasvi Lingham, two renowned astrophysicists […]

Chris Hedges and David North via TruthDig.com, On Monday, WSWS International Editorial Board Chairman David North interviewed Chris Hedges, the Pulitzer Prize-winning journalist, author, lecturer and former New York Times correspondent. Among Hedges’ best-known books are War is a Force That Gives Us Meaning, The Death of the Liberal Class, Empire of Illusion: the End of Literacy and the […]

Jim Grant, author of Grant’s Interest Rate Observer, first hinted last week that not all is well when it comes to the world’s biggest hedge fund, Ray Dalio’s $160 billion Bridgewater (of which one half is the world’s biggest risk-parity juggernaut). Speaking to Bloomberg last week, Grant said he was “bearish” on Bridgewater because founder […]